Steps on How To Apply for the SSS Housing Loan Offer for House Repair / Home Improvement
HOW TO APPLY FOR SSS HOUSING LOAN – Here is a guide in applying for the Housing Loan offer of the Social Security System.
Are you interested to apply for the Housing Loan offer of the Social Security System? More popularly called SSS, the state-run social insurance agency has a loan offer that is ready to finance a house repair or a home improvement.
Truth be told that due to the high material costs nowadays, a lot of individuals are not financially ready to finance the repair of their house or a home improvement. It may require thousands of money and can never contest to the main priorities inside the household.
However, to ensure the safety of everyone inside the house, the residential property must be maintained and repaired from time to time. This is where the advantage of being a member of the Social Security System may set in. You have the option to apply for a loan.
Through the SSS Housing Loan, your house repair or home improvement project can push through right away without you having to spend all your savings for it. You and your family can enjoy a safe or beautified residential property while just paying for the cost in light monthly installments.
How to apply for the SSS Housing Loan? Although the processing may take a few weeks, there are a few steps in applying for the loan offer.
Here are the steps that you may follow on how to apply for the SSS Housing Loan to ensure a smooth application process:
- Step 1 — Ensure your eligibility to apply for the SSS Housing Loan offer. You must have posted at least 36 months contributions and 24 continuous contributions in the period prior to application and has not been granted any final SSS benefit. Also, you must be 60 years old and below and has not received an SSS Housing Loan before.
- Step 2 — Prepare the requirements. There are documents that you must submit to the Social Security System in applying for the loan offer. The documentary requirements include both personal documents and collateral documents.
- Step 3 — Go to SSS. Visit a branch of the Social Security System nearest to the property. Submit your documents to file your loan application. You may also apply through any of the accredited participating financial institutions (PFIs) of the SSS.